A year after pandemic cleared out offices, WeWork is back

After a year in which a global pandemic turned offices across the world into ghost towns WeWork, the embattled communal office-space company, is making a second attempt at going public.

The announcement Friday comes almost two years after WeWork’s first attempt at becoming a publicly traded company blew up in spectacular fashion, its founder and CEO ousted abruptly.

This time the New York company becomes part of the SPAC wave and will seek a listing after merging with the special-purpose acquisition company BowX Acquisition.

The agreement values WeWork at $9 billion plus debt, far below the $47 billion valuation given the venture in September 2019 when the IPO imploded

→ Continue reading at The Spokesman-Review

Related articles


Share article

Latest articles